5600 Britton Pkwy Dublin, OH 43016-1274

Property Details for 5600 Britton Pkwy

Year built

1996

Lot size

6.33 lot acres

Property size

91,347 SF

Property type

Outlet malls

APN

010-218956

APU

10218956

Description

Exceptional investment opportunity: a fee-simple, 93,474 square foot Tesla Collision Center in Dublin, OH, boasting a brand-new 10-year net lease commencing June 1, 2024, and expiring May 31, 2034. The property, built in 1996 and renovated in 2024, sits on a 6.32-acre lot at 5600 Britton Pkwy, 43016, offering convenient access to I-270 and high daily traffic counts exceeding 106,000 vehicles. The lease includes a 10% rent increase every five years, providing a strong hedge against inflation, and three five-year renewal options. Tesla's significant $5 million investment in tenant improvements underscores their commitment to this location, which serves as one of only two Tesla collision centers in Ohio, covering the entire Columbus market. The property generates a substantial net operating income (NOI) of $1,200,206, resulting in a 6.50% cap rate. The current rent per square foot is well below market average for comparable Tesla properties. This prime location is strategically positioned near downtown Columbus (15 miles) and The Ohio State University (8 miles), benefiting from a dense population base and significant traffic volume. The corporate guarantee from Tesla (NASDAQ: TSLA), a multinational company with an October 2024 market capitalization exceeding $838.8 billion, provides exceptional financial security. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a blue-chip tenant in a thriving market. 100% occupancy.

Location Insight

City

Dublin

County

Franklin

State

Ohio

Longitude

-83.1357

Latitude

40.069

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments